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Sandstorm Gold Ltd T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Post by ganja50on Oct 06, 2012 6:26am
610 Views
Post# 20455983

Correction

Correction

Over the last 2 yrs there have been two serious corrections.  The first was Aug-Sept '11 and the stock corrected from $8.5 to $5 or 44%.  The second was April-May '12 and the stock corrected from $10 to $7.50 or 25%.  If the pattern of decreasing percentage corrections maintains itself, it would suggest the next correction might be in the range of 10-15%.  That would mean if it happened soon it might take the stock from $15 to $13 or $13.5, hardly worth trying to trade around to this observer.

Bullboard Posts